Excerpted from the Bloomberg News Service.
Bonds of Energy Future Holdings Corp.’s regulated unit jumped 9 cents on the dollar this week as the power producer negotiates a pre-arranged bankruptcy plan with its creditors.
Energy Future Intermediate Holding’s $1.57 billion of 11.25 percent notes due December 2018 rose 1.94 cents on the dollar to 81.6 cents at 11 a.m. in New York, according to prices compiled by Bloomberg. Those bonds were quoted at 72.4 cents April 4.
For the full article, go to the Bloomberg News Service.
Is a policy analyst consultant for TCAP, a coalition of political subdivisions in Texas that purchase electricity in the deregulated market for their own governmental use. Because energy costs are typically a significant budget item to our members, TCAP is consistently looking for ways to save our members money, through cost-saving contracts, energy efficiency or demand response programs.